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By Leonard Gildarie As emotions continue to run high over the state of the Guyana Sugar Corporation (GuySuCo), Government and the European Union (EU) yesterday signed off on a ?23.355M financing agreement, but the country will have to meet set conditions first before drawing down.Europe has over the years been this country’s biggest customer of raw sugar, but an accumulative price cut of over 36% – starting seven years ago – had threatened to shut factories down. The EU decided, as part of its alleviation efforts, to help 20 of the sugar-producing countries from the African/Pacific/Caribbean (ACP) grouping recover from the cuts by injecting cash. Initially the monies targeted specific sugar projects to improve efficiency, but the EU has started disbursing to the government itself.Finance Minister, Dr. Ashni Singh (left), and EU Ambassador, Robert Kopeck? following yesterday’s signing.The Enmore Sugar Packaging Plant is one of the projects.The Opposition has been critical of the disbursements, saying that government is to be faulted for the state of the industry, as it did not use the EU monies to bolster the operations of GuySuCo which fell to a 20-year production low last year.Yesterday, during the signing at the Ministry of Finance, Main Street, EU Ambassador to Guyana,Cheap Football Jerseys China, Robert Kopeck?, agreed that the funds should really be used in the sugar industry.Already, the first crop for this year fell way short – by over 20,000 tonnes of its target.Kopeck? said that the EU has been working with government on the issue, learning along the way that monies were used in other sectors such as education.Consulting“We have been consulting each other saying this is probably not the way to continue for guaranteeing the sustainability of the industry in the future.”The diplomat urged that the monies should be used to target the industry, including areas of mechanisation, conversion of lands,China Stitched NFL Jerseys, drainage and other support for private farmers.Guyana is expected to collect a similar tranche next year, the last of the support. This particular amount is for the 2012-2013 period.Already, Guyana has collected ?91.5 of the multi-annual programme, which commenced in 2006 and which has thus far been provided as Sector Policy Budget Support.Guyana is a member of the African Caribbean and Pacific (ACP) group of countries which supplied sugar to the European Union under the Sugar Protocol Arrangements since 1975.According to a joint statement between Guyana and the EU yesterday, to qualify for the disbursements under these programmes, the Government of Guyana and GuySuCo must deliver “agreed indicators” each year which are monitored jointly by the EU Delegation and the Steering Committee of the Guyana National Action Plan (GNAP) under which it is implemented. The process is assessed annually by an independent consultant.According to the statement, the sugar industry had to meet specific conditions in investments and performance in areas including replanting, land conversion, mechanical harvesting, drainage works and factory improvement.Conditions“In addition,Jerseys NFL Wholesale, the Ministry of Finance must meet the general conditions of stability oriented macro-economic conditions, and implementation of reforms to further improve public financial management.”Minister Singh, in expressing his satisfaction with the programme, stressed that the industry is working on a revised Strategic Plan 2013-2017, which will be finalized by GuySuCo’s Board of Directors “shortly”. This is expected to fully address the plight of the industry and outline the measures that will foster sugar’s revival and survivability,Cheap NFL Jerseys China, Singh said.Ambassador Kopeck? pointed out that President Donald Ramotar’s appeal for help and willingness to engage all interested parties in reviving the industry, demonstrated that Guyana has every intention to have sugar return to its former glory days.He urged Government and GuySuCo to work diligently to meet the 2012 indicators to ensure that the entire sum earmarked for the programme is disbursed.According to the Ambassador, it is estimated that more than 115,000 persons rely on the sugar industry for their livelihood, whether as GuySuCo employees, private cane growers, suppliers or service providers, as well as their respective dependents.He said that a few years ago,China Jersyes Cheap, the EU changed its approach to development cooperation with Guyana from “Project Support” to “Sector Budget Support”.“Only countries with mature and democratic systems can qualify for this type of assistance, since it places much of the onus on a government to mana